Polymetal International Twofold increase in ore reserves at Kutyn gold project

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Polymetal International PLC (LON:POLY) has today announced a twofold increase in Ore Reserves at the Kutyn gold project to 0.8 Moz of gold in accordance with the JORC Code (2012). The updated JORC-compliant open-pit Ore Reserves estimate as at 1 October 2019 comprises 8.4 Mt of ore with an average grade of 3.0 g/t containing 812 Koz of gold. This represents a 110% increase in gold contained in comparison with the previous reserve estimate prepared in 2015. The growth of reserves is attributable to the updated geological model based on 32.3 km of drilling …

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Polymetal International Special dividend of $0.20 per share

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Polymetal International plc (LON:POLY) has today announced that on 30 January 2020 the Board of Directors of the Company approved a special dividend of US$ 0.20 per share for the year ended 31 December 2019. Dividend declaration In accordance with the Company’s dividend policy, the Directors of Polymetal, having considered the Group’s performance in 2019, including available free cash flows and debt levels as well …

Polymetal International announce changes in Committees

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Polymetal International plc (LON:POLY) today announced changes in Committees approved by the Board of Directors on 30 January 2020. Following completion of the Board Chair succession process, Ian Cockerill replaced Ollie Oliveira as the Chair of Nomination Committee. Mr Cockerill also joined Safety and Sustainability Committee to strengthen the emphasis Polymetal puts on its safety and sustainability efforts. Tracey Kerr stepped down from the Nomination …

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Polymetal International exceed guidance for the eighth year in a row

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Polymetal International (LON:POLY) has today announced its Q4 and full year 2019 production results. “A strong Q4 allowed Polymetal to exceed both original and updated guidance for the eighth year in a row. Robust production and positive gold price dynamics drove strong free cash flow generation”, said Vitaly Nesis, Group CEO of Polymetal. “Stable operating performance should ensure steady and significant dividend flow while planned progress with execution of Nezhda and POX-2 projects will enable us to resume production growth in 2022”. HIGHLIGHTS The Company’s FY2019 gold equivalent (“GE”) production amounted to …

Polymetal International appoint two new Non-Executive Directors

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Polymetal International (LON:POLY) has today announced that Italia Boninelli has been appointed as Independent Non-Executive Director with immediate effect and Victor Flores has been appointed as Independent Non-Executive Director effective from 30 January 2020. Italia Boninelli Ms Boninelli has more than 20 years’ international experience in building Human Capital with a proven track record in culture and change management, corporate performance enhancement, and the full range of generalist HR functions. Currently, she is an executive coach and organizational design consultant with …

Polymetal International plc 18% increase in Ore Reserves at Kyzyl gold deposit

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Polymetal International (LON: POLY) has announced an 18% increase in Ore Reserves at Kyzyl gold deposit to 8.5 Moz of gold in accordance with the JORC Code (2012). “We have concluded the first stage of extending open-pit life-of-mine at our flagship operation. The next step is to estimate Ore Reserves at East Bakyrchik in Q4 2020”, said Vitaly Nesis, Group …

Polymetal International agree 10-year fixed rate loan with Sberbank

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Polymetal International (LON:POLY) announced that it has agreed a 10-year fixed rate loan of US$ 500 million with Sberbank. The credit facility will replace the existing loans with Sberbank, which were due to mature between 2021 and 2024, and other short-term debt. It will be drawn down until the FY 2019 year-end and is repayable in equal installments between 2026 and 2029. “This is the first 10-year credit facility in Polymetal’s history, which will significantly extend the average tenor of our loan portfolio at a reduced cost and smooth out our …

Polymetal International to hold a production results conference call

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Polymetal International (LON:POLY) has announced today that it will release the Group’s Q3 Production results on Thursday, October 24. The company will hold a conference call and webcast on Thursday, 24 October 2019 at 12:00 London time (14:00 Moscow time). To participate in the call, please dial: From the UK: 44 330 336 9411 (local access) 0800 279 7204 (toll free) From the US: 1 929 477 0324 (local access) 800 458 4121 (toll …

Polymetal International plc

Polymetal International announce Analyst and Investor Day

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Polymetal International (LON:POLY) will hold its Analyst and Investor Day on Monday, 11 November 2019, in London.  At the event Group CEO, Vitaly Nesis, and CFO, Maxim Nazimok, will provide an update on Polymetal’s key development projects. The event will begin at 9:30 at etc.venues St Paul’s – 200 Aldersgate, London, EC1A 4HD.  Polymetal International (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”) is the top-20 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan. The Company combines strong growth …

Polymetal International plc

Polymetal International plc Appoints Evgeny Monakhov Head of IR

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Polymetal International (LON: POLY) has today announced and welcomed Evgeny Monakhov as Company’s new Head of Investor Relations. Evgeny will lead our investor relations team in London and St. Petersburg, overseeing overall company-wide effort to communicate and present the Group’s strategy to the investors and other stakeholders of the Company. Evgeny Monakhov is a veteran of the investment banking industry, …